When will POS GM get kicked out of DJIA?

[turkeyneck]

Oct. 22 (Bloomberg) -- General Motors Corp. may initiate a new round of cost cuts because a planned $15 billion in asset sales and savings won't be enough to maintain its liquidity amid deteriorating sales, people familiar with the matter said.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ai3v89S35u3w&refer=home

 

[MrDODGE]

Right when they are on the brink the government will swoop in with a massive "loan" and save the company.

 

[staffpro]

Quote from turkeyneck:

Oct. 22 (Bloomberg) -- General Motors Corp. may initiate a new round of cost cuts because a planned $15 billion in asset sales and savings won't be enough to maintain its liquidity amid deteriorating sales, people familiar with the matter said.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ai3v89S35u3w&refer=home

dow jones should replace GM with the dow jones ultra short inverse fund

 

[athlonmank8]

GM has become a joke. Bad decsion after bad decision. Why in the hell should anyone keep their kind of logic alive?

 

[turkeyneck]

Quote from staffpro:

dow jones should replace GM with the dow jones ultra short inverse fund

There's still hope for this guy...

 

[dinoman]

Not soon enough! Why? Because we live in never ever wonder land!

 

[stock_trad3r]

GM and AIG need to go. Even dow component stocks can fail.

On the plus side they have virtually no weighting in the index.